Fossil Energy
Coro Energy, Petronas to conduct study over Sarawak offshore block
Coro Energy, an AIM-listed gas explorer, has agreed to conduct a joint technical study with Petronas over Block 2A offshore Malaysia.
Eidesvik scoops term deal with Ocean Installer
Norwegian shipping company Eidesvik Offshore has won a deal from Ocean Installer for one of its subsea construction vessels.
Popular news, December 3 – 9, 2018
Offshore Energy Today’s most popular news of the week.
U.S. weekly offshore rig count unchanged
The number of active offshore rigs in the U.S. remained unchanged this past week but was 3 rigs stronger compared to the corresponding week of last year.
Update: OPEC+ agrees on output cuts. ‘Iran exempted’
The Organization of Petroleum Exporting Countries has struck a deal with its Russia-led allies to cut production by 1.2 million barrels a day, in order to bring up oil prices.
Shearwater’s ‘Polar Empress’ in 3D survey off Montenegro
Marine seismic acquisition player Shearwater GeoServices started a 3D seismic survey off Montenegro in mid-November.
AGR, First Geo to merge into Akastor-owned company
Norwegian offshore oil and gas consultancy and services companies First Geo (owned by Akastor), and AGR are set to merge. The merged entity will be owned by Akastor.
Tower Resources bringing Topaz Driller rig back to Cameroon
Tower Resources has via its Cameroon subsidiary hired the Topaz Driller jack-up rig from Vantage Drilling for drilling operations offshore Cameroon in 2019.
Equinor’s $914M Troll Phase 3 offshore project gets green light
Equinor’s proposed development of Phase 3 of the Troll field in the Norwegian part of the North Sea has been approved. The Norwegian oil giant will with its partners invest NOK 7.8 billion (USD 914 million) in the project.
Premier completes Babbage Area sale to Verus
Premier Oil has completed the previously announced sale of its stake in Babbage Area in the UK North Sea to Verus.
Pertamina starts drilling with Hakuryu-14 jack-up
Japan Drilling Company (JDC) has informed that its recently built jack-up rig has started drilling for Pertamina in Indonesia.
Chevron in first capex boost after four years. Set to spend $20B in 2019
Chevron has announced a $20 billion-dollar capex for 2019, marking a first budget boost after it had lowered capex for four years in a row. The budget for 2018 was $18.3 billion.
Indonesia: Ophir confirms Paus Biru-1 gas discovery
Offshore oil and gas company Ophir Energy has confirmed it has made a gas discovery at its Paus Biru-1 exploration in the Sampang PSC offshore Indonesia.
Neptune moves onto the next stage of Cara project, expects FID in early 2019
Oil and gas company Neptune Energy has moved onto the next stage of its Cara project located in the North Sea off Norway.